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    Signature(s)

    Amount
    € 120,000,000
    Countries
    Sector(s)
    Spain : € 120,000,000
    Credit lines : € 120,000,000
    Signature date(s)
    20/05/2022 : € 2,100,000
    26/04/2023 : € 25,800,000
    20/12/2019 : € 30,000,000
    20/05/2022 : € 30,000,000
    18/06/2021 : € 32,100,000

    Summary sheet

    Release date
    29 October 2019
    Status
    Reference
    Signed | 20/12/2019
    20190491
    Project name
    Promoter - financial intermediary
    ICE FOCUSED SUPPORT FOR SMES AND MIDCAPS
    INSTITUTO PARA LA COMPETITIVIDAD EMPRESARIAL DE CASTILLA Y LEON
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 120 million
    not applicable
    Location
    Sector(s)
    Description
    Objectives

    The project is a dedicated loan for financing small and medium sized projects carried out by SMEs and mid-caps companies mainly located in the region of Castilla y León (Spain), with a focus on the support of job creation, human capital retention and on the promotion of regional policies on circular economy.

    The operation seeks to facilitate investments of SMEs and mid-Caps that will contribute to job creation in a region that was severely affected by the economic crisis in recent years. An indicative 50% of the loan will be used to finance SMEs in various sectors (mainly manufacturing and trade).

    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

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    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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